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3 pages/≈825 words
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APA
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Mathematics & Economics
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Essay
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English (U.S.)
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Topic:

European Economy Since 1900: Comparing Post World War I and World War 2 (Essay Sample)

Instructions:

Please writing 3 paragraphs about 3 different topics each paragraph should be 250-350words.
First topic: comparing periods of times: post world war I and post-World War 2. First summarize the European economy at that time. Then states the difference of European economy between post world war I and post-World War 2.
Second topic: comparing 1973-present and 1946-1973. States what happened on these two periods. (example: What were the root causes of the 1930’s Depression and to what degree were the various major European economies affected by the effects of the 1930’s Depression? Cite specific measurable indicators of economic change. What were the circumstances that explain how fascism arose in certain countries? Explain the economic factors the determined the timing, acceptance and effects of fascist sentiments)
Third topic: states challenges and opportunities in Europe. Focus on 1973-present. How other countries such as America, China influence European economy. what is going wrong/right for challenges. And their responses on economy
There are two mandatory materials:
1. Aldcroft, D.H., Morewood, Stephen, The European Economy Since 1914, 5th Ed., London and NYC, Rutledge, 2001.
2. Eichengreen, The European Economy Since 1945, Princeton, NJ, Princeton University Press, 2007

source..
Content:


The European Economy Since 1900
Name
Institution
The European Economy Since 1900
Comparing Post World War I and World War 2
The world wars had a long term impact on the economies of continental Europe regardless of whether they won or lost. The First World War destroyed monarchies and empires. Ancient Germany, Italy, Russia, Austria-Hungary and the Ottoman Empire were all destroyed leading to displacement of huge populations. The Second World War brought deeper cooperation among former foes through strengthening of trade and recovery which was the main reason why economic growth globally was faster after World War 2 than in the first half of the century. The Second World War was similar to WWI but with more countries, more soldiers, more guns, more deaths and more destruction.
Economies of WWI combatants were much less compared to those nations that stayed neutral to such an extent that even the lowest economic growth rate among the neutral nations was higher than the highest of the participating countries (Broadberry & Harrison, 2005). Unemployment rose in France, Britain experienced recession before reaching pre war parity in the 1920s. German did not have a good reputation on reparation in full gold value and experienced hyperinflation after WWI while Russia was fiscally conservative (Eichengreen, 2007). While WWI was a continental European affair, World War 2 was a struggle for global dominance. During the Golden Age Europe experienced tremendous economic growth attributed to catch up growth (Crafts, 2004) owed to lack of social capability, diminished technological advancement and American productivity and most importantly post war reconstruction.
Comparing 1946- 1973 and 1973- Present
The great depression was an economic collapse that engulfed the global economy from 1929 to 1930 and set the stage for World War 2. There was a mix of economic, political and social factors that culminated in the great depression. Starting with the Russian revolution, the destruction of empires like the Ottoman Empire and formation of smaller nations created geo-political supremacy (Eichengreen, 2007). The collapse of the gold standard and the use of gold for settling international trade necessitated governments to print notes to pay for their war needs leading to creation of different currencies and setting their own value against the gold. The global financial imbalances and Germany reparations after the war had a few winners with the US market bubble as the USA was the only country that emerged from WWI with a growing economy. The lack of a global leadership on economic policies led to the fall of stock markets and economic activity.
The Golden Age was a period

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